- BP is seeking buyers for as much as $2B of U.S. pipelines and storage terminals, Bloomberg reports.
- In the last two weeks, BP sent offering materials to potential buyers of two batches of assets - its interest in four pipelines and a gas plant along the Gulf of Mexico, and 15 storage terminals in the Midwest and on the East Coast - according to the report.
- BP is said to be looking to sell stakes in three Gulf of Mexico assets it co-owns with Enterprise Products Partners (NYSE:EPD) - the Wilprise and Tri-States Pipelines and the Pascagoula Gas Processing Plant - as well as stakes in the Destin and Okeanos Gas pipelines, which it co-owns with Enbridge (NYSE:ENB).